Finance

The U.S. Treasury Department announced plans to double its long-term sovereign bond repurchases from $2 billion to at least $4 billion per operation. While the intervention aimed to inject market liquidity and suppress high borrowing costs, investors continue to express anxiety over persistent inflation and the national debt surpassing $40 trillion.

Bitcoin climbed significantly over multiple days, breaking past resistance to trade above $77,000 and putting it on track for a major weekly gain. The digital asset has capitalized on enhanced market liquidity following Treasury bond buybacks and renewed optimism after President Trump urged Congress to advance the pro-crypto Clarity Act.

Corporate results highlighted varying conditions for major U.S. retailers as investors assess shifting consumer habits. Shares of Ross Stores surged following stronger-than-expected quarterly results and an upgraded annual profit forecast, contrasting sharply with a steep decline for retail giant Walmart after its comparable domestic sales missed expectations.